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CAVAN VENTURES announces preliminary assays from its 100%-owned Tetepiska graphite property
CAVAN VENTURES INC. (TSX VENTURE:CVN) ("Cavan" or "the Company") is pleased to announce preliminary assays from its 100%-owned Tetepiska graphite property in northeastern Quebec, located 24 kilometers southwest of the Lac Guéret graphite project that is presently under advanced exploration by Mason Graphite. The results include rock grab samples with up to 55.1% graphite (Cg) and channel samples with up to 63.5% Cg over one meter as described below.
Cavan President Peter Swistak states, "We are extremely pleased by these excellent results from Tetepiska, the latest acquisition to our graphite portfolio. We have literally just scratched the surface at Tetepiska, and we look forward to further exploration and sampling on the property."
Three rock grab samples were collected from a cliff on the eastern shore of Tetepiska Lake, along a 4.25 meter wide east-west oriented graphite-enriched zone where a historical sample had been collected. The best result from the cliff assays at 55.1% Cg and confirms the historical sampling result of 58.1% Cg (see news release, December 4, 2013). Five channel samples were collected with a diamond grit saw across a mineralized zone in the western part of an exposed area near the cliff, with the best returning a weighted average of 52.7% Cg, over 1.9 meters, including 63.5% Cg over one meter. Two rock grab samples were also collected near the channel sampling, returning 24.4% and 17.7% Cg. Highlights of the sampling program are summarized in the table below.
http://finance.yahoo.com/news/cavan-graphite-channel-samples-63-130000048.html
Cavan Expands Graphite Portfolio, Acquires the Cage Claims Next to Albany Graphite Deposit, Ontario
VANCOUVER, BRITISH COLUMBIA, Jul 10, 2013 (Marketwired via COMTEX) -- CAVAN
VENTURES INC. (TSX VENTURE: CVN) ("Cavan" or "the Company") is pleased to
announce the acquisition of the CAGE claims, adjoining the Albany graphite
deposit that is presently under advanced exploration by Zenyatta Ventures Ltd.
(TSX-V: ZEN). Zenyatta recently announced several significant intersections of
graphite mineralization, including five holes with 146m of 5.2% Cg, 177m of 5.3%
Cg, 186m of 4.9% Cg, and 125m of 4.6% Cg, respectively (see Zenyatta Ventures
news release, July 2, 2013).
The CAGE claims are contiguous, covering an area of 768 hectares (1,897 acres),
and adjoining the eastern edge of the Albany graphite property. Historic
aeromagnetics indicate that a magnetic low is present on the CAGE claims, with
similar magnetic lows on the eastern portion of the Albany property (Geological
Survey of Canada, Limestone Rapids Airborne Magnetic Survey, Map 3913G). The
magnetic low will be investigated through reconnaissance prospecting and
sampling that is planned to take place in the coming weeks.
To earn 100% interest in the property, the Company will pay $15,000 within ten
days of signing and issue 3 million shares within 15 days of receiving
regulatory approval subject to the Company raising a minimum of $400,000 in a
private placement within 60 days.
The technical contents of this release were approved by Dr. Tom E. McCandless,
P. Geo., a qualified person as defined by National Instrument 43-101. The
property has not been the subject of a National Instrument 43-101 report, and
Dr. McCandless has not verified the technical data disclosed in this release
Cavan Venture's mission is to identify, acquire, and advance high potential
mining prospects located in North America for the benefit of its stakeholders.
For more information visit the website at www.cavanventures.com.
ON BEHALF OF THE BOARD
Peter P. Swistak, President
Forward-Looking Statement:
Some statements in this news release contain forward-looking information that
involves inherent risk and uncertainty affecting the business of Cavan Ventures
Inc. Actual results may differ materially from those currently anticipated in
such statements. Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX Venture Exchange)
accepts responsibility for the adequacy or accuracy of this release.
Contacts:
Cavan Ventures Inc.
Peter P. Swistak
President
1-604-683-3995 or Toll Free: 1-888-945-4770
www.cavanventuresinc.com
SOURCE: Cavan Ventures Inc.
CONTACT: http://www.cavanventuresinc.com
(C) 2013 Marketwire L.P. All rights reserved.
-0-
SUBJECT CODE: Manufacturing and Production:Mining and Metals
CVN low float, 39.5 million~
Cavan Acquires Buckingham Graphite Property in Quebec
Symbol: CVN
VANCOUVER, BRITISH COLUMBIA--(Marketwire - April 10, 2012) - Cavan Ventures Inc. ("Cavan" or the "Company") (TSX VENTURE:CVN) announces that it has acquired a 100% interest in approximately 900 hectares of prospective graphite claims located in Buckingham township, Quebec.
The property contains ground referred to in a 1984 report, most specifically the ground covers the northern portion of Lot 20 Range 8, and all of the ground referred to in the report on Lots 19, 20, 21 of Range 9, and the area mentioned within the report discussing two airborne electromagnetic anomalies on lot 21, 22 and 23 on Range 9.
The report mentions the Walker Mine, on an adjacent property, as being located on the Southern half of the lot 20 Range 8. The same report states "Graphite deposits were worked at numerous locations in Buckingham township from the 1860's to 1910. One of the most significant deposits was called the Walker Mine which was located in the south half of Lot 20 in range VIII of Buckingham Township...veins of disseminated flake estimated at 25% graphite were mined...Lots 19, 20 and 21 of Range IX which are part of the present group were part of the Walker Mine property and graphite occurrences were reported on these lots...the Walker Mine was referred to as "Graphite City" in some of the old reports."
The report discusses the electromagnetic anomalies, "Two linear conductors are noted on Lots 21, 22 and 23 of Range IX of Buckingham Township. The conductors were mapped on 7 airborne survey lines (200 metre spacing) - one conductor is at least 200 metres long and the other is approximately 1000 metres long."
Terms of the acquisition have Cavan making cumulative payments of $75,000 and issuing one million common shares of the Company over 2 years. A 2% NSR will also be issued with the option to purchase back 1% for $1 million. A finder's fee will be payable on this transaction. This transaction is subject to TSX Venture approval.
Cavan has also determined to not proceed with its option to acquire the Crown King prospect located in Arizona, USA (see PR dated May 5th, 2011).
The technical contents of this release were approved by Mike Magrum, P.Eng., a qualified person as defined by National Instrument 43-101.
Cavan Venture's mission is to identify, acquire, and advance high potential mining prospects located in North America for the benefit of its stakeholders. For more information visit the website at www.cavanventures.com.
ON BEHALF OF THE BOARD
Peter P. Swistak, President
Great News For Caven!!!!!
Cavan Acquires Prospective Quebec Graphite Property
Cavan Acquires Prospective Quebec Graphite Property
VANCOUVER, BRITISH COLUMBIA--(Marketwire - April 3, 2012) - Cavan Ventures Inc. ("Cavan" or the "Company") (TSX VENTURE:CVN) announces that it has signed an agreement to acquire claims located in Quebec. The claims cover approximately 1140 hectares of ground adjacent to the historic Asbury Graphite Mine, the historic minesite area, and a large unexplored mag anomaly identified on Gestim online. The Asbury Graphite Mine area is located approximately 30km south of the TIMCAL graphite mine, one of only two currently producing graphite mines in Canada.
The Asbury Graphite mine had historic production from 1980 to 1988. The following information (file number 31J/04-0016 - The Asbury Mine), was derived from the Quebec Department of Natural Resources website at http://www.mrnf.gouv.qc.ca/mines/industrie/mineraux/mineraux-exploration-graphite.jsp and contains: The discovery of graphite occurred in 1951 with work continuing intermittently over the years. In 1974, Graphex Mines Inc., guided by surface sampling, outlined a bed with graphite content ranging from 20 to 35% carbon. Reserves in 1975 were listed at 300,000 tonnes at 10.0% carbon. The reserve estimates are historical, and a qualified person has not done sufficient work to classify the historical resource estimate as current mineral resources, therefore these historical reserves should not be relied upon, and do not have currently demonstrated economic viability. Historical reserve estimates do not meet the CIM Definition Standards for a Mineral Reserve as referred to in Section 1.2 of the National Instrument 43-101, as they have not been demonstrated by at least a Preliminary Feasibility Study. A full review of all historic data by a qualified person, including quality assessment of results, possibly with additional drilling, would likely be necessary to bring the resource into compliance with National Instrument 43-101.
The ground is located within the Grenville metasedimentary belt of rocks which have hosted several historic graphite mines and numerous graphite occurrences. The general host geology of the Asbury Graphite mine is crystalline limestone/marble, pegmatites and quartzites.
Terms of the acquisition have Cavan making cumulative payments of $75,000 and issuing one million common shares of the Company over 2 years. A 2% NSR will also be issued with the option to purchase back 1% for $1 million. A finder's fee will be payable on this transaction. This transaction is subject to TSX Venture approval.
The technical contents of this release were approved by Marvin Mitchell, P. Eng., a qualified person as defined by National Instrument 43-101.
Cavan Venture's mission is to identify, acquire, and advance high potential mining prospects located in North America for the benefit of its stakeholders. For more information visit the website at www.cavanventures.com.
ON BEHALF OF THE BOARD
Peter P. Swistak, President
Forward-Looking Statement:
Some statements in this news release contain forward-looking information that involves inherent risk and uncertainty affecting the business of Cavan Ventures Inc. Actual results may differ materially from those currently anticipated in such statements.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Marketwire Canada
April 3, 2012 - 2:29 PM EDT
Cavan Ventures completes $240,250 final tranche
2012-03-26 14:00 ET - News Release
Mr. Peter Swistak reports
CAVAN CLOSED FINAL TRANCHE OF ITS PRIVATE PLACEMENT
Further to its news release dated Feb. 13, 2012, and March 9, 2012, Cavan Ventures Inc. has completed the final tranche of its non-brokered private placement of 4,805,000 units at a price of five cents per unit for gross proceeds of $240,250.
Each unit comprises one common share and one common share purchase warrant of the company. Each warrant will entitle the holder to purchase one share at a price of 10 cents per warrant share until March 23, 2014.
Finders' fees consisting of 396,000 broker warrants and $19,800 in cash were paid in accordance with the policies of the TSX Venture Exchange. Each broker warrant will entitle the holder to purchase one share of the company at a price of 10 cents per share until Sept. 23, 2013.
All securities issued pursuant to the private placement are subject to a hold period expiring on July 24, 2012.
Cavan to Acquire Flake Graphite Occurrence in Saskatchewan
Cavan to Acquire Flake Graphite Occurrence in Saskatchewan
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Feb. 28, 2012) -CAVAN VENTURES INC. (TSX VENTURE:CVN) ("Cavan" or the "Company") announces today it has, subject to regulatory approval, entered into an agreement to acquire a 100% interest in mineral claims staked in Saskatchewan that cover the historic Lake 19 flake graphite occurrence, located 28 kilometers southwest of the community of Southend. The Lake 19 occurrence is also approximately 20km south of the Deep Bay graphite deposit, and 30km SW of Deep Bay East Project presently being explored by Strike Graphite.
The Lake 19 graphite showing occurs in the Kisseynew Domain, slightly north of Lake 19. The showing area as mapped in 1969 is underlain by garnet-biotite gneiss, garnet-biotite-sillimanite gneiss, and locally, graphite-rich garnet-biotite gneiss. The band of graphite-rich garnet-biotite gneiss on the property contains about 30% graphite across a width of 20 ft (6.1 m). As noted in the Saskatchewan Mineral Deposits Index (SMDI), the Lake 19 occurrence is listed as flake graphite hosted within meta-sediments. (From the Saskatchewan Mineral Deposits Index: http://www.er.gov.sk.ca/SMDI).
The Saskatchewan Energy and Resources website notes that sedimentary-hosted flake graphite occurs in several domains in Canada, but the Kisseynew Domain, hosts the most significant known graphite locations. In 1976, the Deep Bay graphite deposit located approximately 20km to the north of Lake 19 was estimated to host historical reserves of 1.8 million tons grading 10.32% graphite to a depth of 60m (From the Saskatchewan Energy and Resources Model Number B-12: Sedimentary-hosted Flake Graphite, 2p). The reserve estimates are historical, and a qualified person has not done sufficient work to calssify the historical estimates as current mineral resources, therefore these historical estimates should not be relied upon, and do not have currently demonstrated economic viability. Approximately 30km to the northeast Strike Graphite are working the Deep Bay East project which is an area of historic graphite occurrences and prior drilling.
Terms of the agreement are staking costs of $15,000 plus $15,000 cash and 600,000 common shares of the company, subject to regulatory approval, for a 100% interest in the claims. A finder's fee will be payable.
Natural graphite comes in several forms: flake, amorphous and lump. Of the plus-one-million tonnes of graphite produced annually, approximately 40% is of the most desirable flake type. A recent European Commission study regarding the criticality of 41 different materials to the European economy included graphite among the fourteen materials high in both economic importance and supply risk (Critical Raw Materials for the EU, July, 2010).
The technical contents of this release were approved by Mr. Marvin Mitchell, P.Eng. and qualified person as defined by National Instrument 43-101.
Cavan Ventures Inc. is a junior exploration company actively seeking mineral opportunities for the benefit of all its stakeholders. For further information please visit us at www.cavanventures.com.
ON BEHALF OF THE BOARD
Peter P. Swistak, President
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